The U.S. current-account deficit decreased to $119.9 billion (preliminary) in the second quarter of 2016 from $131.8 billion (revised) in the first quarter of 2016. As a percentage of current-dollar U.S. GDP, the deficit decreased to 2.6 percent from 2.9 percent. The previously published current-account deficit for the first quarter was $124.7 billion.

The deficit on international trade in goods increased to $186.7 billion from $186.3 billion as goods imports increased more than goods exports.

The surplus on international trade in services increased to $61.5 billion from $61.1 billion as services exports increased more than services imports.

The surplus on primary income increased to $42.9 billion from $34.0 billion as primary income receipts increased more than primary income payments.

The deficit on secondary income (current transfers) decreased to $37.6 billion from $40.6 billion as secondary income payments decreased and secondary income receipts increased.

Net U.S. borrowing from financial-account transactions was $31.1 billion in the second quarter, down from $45.4 billion in the first.

Net U.S. acquisition of financial assets excluding financial derivatives was $293.7 billion in the second quarter, up from $59.9 billion in the first.

Net U.S. incurrence of liabilities excluding financial derivatives was $350.4 billion in the second quarter, up from $118.2 billion in the first.

Net lending in financial derivatives other than reserves was $25.6 billion in the second quarter, up from $13.0 billion in the first.

The U.S. monthly international trade deficit increased in May 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $37.4 billion in April (revised) to $41.1 billion in May, as exports decreased and imports increased. The previously published April deficit was $37.4 billion. The goods deficit increased $3.7 billion from April to $62.2 billion in May. The services surplus decreased $0.1 billion from April to $21.1 billion in May.

Exports
Exports of goods and services decreased $0.3 billion, or 0.2 percent, in May to $182.4 billion. Exports of goods decreased $0.2 billion and exports of services decreased $0.1 billion.

The decrease in exports of goods was more than accounted for by a decrease in capital goods ($0.8 billion). An increase in foods, feeds, and beverages ($0.5 billion) was partly offsetting.

The decrease in exports of services was more than accounted for by a decrease in travel (for all purposes including education) ($0.2 billion). An increase in financial services ($0.1 billion) was partly offsetting.

Imports
Imports of goods and services increased $3.4 billion, or 1.6 percent, in May to $223.5 billion. Imports of goods increased $3.4 billion and imports of services were nearly unchanged.

The increase in imports of goods mainly reflected increases in industrial supplies and materials ($2.3 billion) and in consumer goods ($1.3 billion).

Imports of services were nearly unchanged. The changes in all categories were small and nearly offsetting.

The balance with the United Kingdom shifted from a surplus of $0.7 billion to a deficit of $0.3 billion in May. Exports decreased $1.2 billion to $4.0 billion and imports decreased $0.2 billion to $4.3 billion.

The U.S. monthly international trade deficit increased in April 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $35.5 billion in March (revised) to $37.4 billion in April, as imports increased more than exports. The previously published March deficit was $40.4 billion. The goods deficit increased $1.4 billion from March to $58.8 billion in April. The services surplus decreased $0.5 billion from March to $21.4 billion in April.

Exports
Exports of goods and services increased $2.6 billion, or 1.5 percent, in April to $182.8 billion. Exports of goods increased $2.9 billion and exports of services decreased $0.3 billion.

The increase in exports of goods mainly reflected increases in industrial supplies and materials ($1.8 billion) and in automotive vehicles, parts, and engines ($0.8 billion).

The decrease in exports of services mainly reflected decreases in travel (for all purposes including education) ($0.2 billion) and in transport ($0.1 billion), which includes freight and port services and passenger fares.

Imports
Imports of goods and services increased $4.5 billion, or 2.1 percent, in April to $220.2 billion. Imports of goods increased $4.3 billion and imports of services increased $0.3 billion.

The increase in imports of goods mainly reflected increases in capital goods ($2.5 billion) and in industrial supplies and materials ($1.1 billion)

The increase in imports of services mainly reflected an increase in transport ($0.2 billion).